The chain is 'cautiously optimistic.'
Convenience is where Sprouts has found its edge as it had an uptick in sales with its grab-and-go and deli items. Other sections generating growth were the dairy and bakery departments. Additionally, online sales have gained traction with a 15% increase this quarter.
Albertsons, which operates more than 2,200 stores with that name along with Safeway, Vons, Jewel-Osco, Acme, and more, reported"better-than-anticipated" earnings on July 26. Prior to the increased traffic to its stores, Albertsons had a series of slumps that included a 10% sales decline a year ago and in 2016 all of its stores were sold off in Florida as it left the state.
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